Mortgage Applications Rose 15.6% in Week Ending June 7

Washington, DC, June 12, 2024-Mortgage applications increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, increased 15.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 26% compared with the previous week. The Refinance Index increased 28% from the previous week and was 28% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index increased 19% compared with the previous week and was 12% lower than the same week one year ago.